philidor
in service - 6 years
Posts: 8,950
|
Post by philidor on Jan 23, 2016 8:55:51 GMT 1
I can only find (until now) an "Air Accord Ltd". Registered in Bermuda, licence number 46498. But: no website, no email address, no postal address, no phone number, no personnel.....
Good luck Airbus See my January 14th post upthread. This a normal situation for a special-purpose vehicle. The relevant questions are not about the lessor, they are about a possible lessee. If somebody is willing to operate the aircraft, this lessor is as good as any company incorporated by DORIC (such vehicles lease out to EK most of its fleet !). If however there is no lessee (= no operator), then the deal is set to be canceled. I still hope (at least until January 29th !) that ANA is taking these frames on lease, in addition to ordering three others.
|
|
s543
in service - 2 years
Posts: 3,957
|
Post by s543 on Jan 23, 2016 10:22:55 GMT 1
I still hope (at least until January 29th !) that ANA is taking these frames on lease, in addition to ordering three others. Let's HOPE !
|
|
howard
in Convoy en route to Toulouse
Posts: 51
|
Post by howard on Feb 8, 2016 20:10:03 GMT 1
In the case of a customer who placed an order but keeps paying their progress payments, the OEM is obligated by contract to uphold their end of the contract in good faith. Even if a customer is in bankruptcy, you are still bound by contract. This is just English Common Law. A great deal has to do with the bankruptcy laws in the airlines country of origin. For example, there was no doubt that the American airlines that were in Chapter 11 were going to be in a position to take their orders, so no need to fret. Transaero is a bit of a different case, since in Russia they no longer really exist, so the contract falls to the actual ordering party which in this case is a shell company in Bermuda apparently. It's a bit of a dodge, but someone is negotiating with Airbus representing Air Accord. It might be a man in wee pants with a dog, but still it's somebody. A good case in point is the Skymark deal. Airbus cancelled them when Skymark went into insolvency, but they knew eventually someone would be there to pick up the debts. In this case it was ANA, and then Airbus were able to convince ANA to take the planes as part of the recovery plan.
|
|
philidor
in service - 6 years
Posts: 8,950
|
Post by philidor on Feb 8, 2016 20:40:41 GMT 1
Even if a customer is in bankruptcy, you are still bound by contract. This is just English Common Law. Many sales contracts include a provision allowing each party to void the contract should the other party go bankrupt. Airbus did cancel one out of four orders. [quote/] someone is negotiating with Airbus representing Air Accord. It might be a man in wee pants with a dog, but still it's somebody. [/quote] Air Accord is listed by Airbus as a lessor. Most probably, they made the first payment upon transfer of the sales contract from Transaero, so the dog owner must be well-off . [quote/] A good case in point is the Skymark deal. Airbus cancelled them when Skymark went into insolvency, but they knew eventually someone would be there to pick up the debts. In this case it was ANA, and then Airbus were able to convince ANA to take the planes as part of the recovery plan. [/quote] We don't know whether ANA is taking ex-Skymark frames. There was a lot of speculation about it, but the fact is that ANA is not taking any A380 before fiscal 2019.
|
|
|
Post by a380fanclub on Oct 15, 2017 11:55:16 GMT 1
|
|
|
Post by peter on Oct 15, 2017 12:26:32 GMT 1
Found this on Russian Aviation Insider: Nice story, just one tiny problem: VEB Leasing has never had an order for the A380. The only thing that comes to mind is that Air Accord is a part of VEB, but their "order" is for just three.
|
|
|
Post by ff on Oct 15, 2017 13:56:57 GMT 1
This article did say "Transaero signed a firm order for the A380s in 2012." It is likely that Transaero re-financed the four jet through VEB-Leasing between 2012 and 2015, so VEB became the owner and actually paid that $237 million deposit.
|
|
|
Post by a380fanclub on Oct 15, 2017 17:23:12 GMT 1
This article did say "Transaero signed a firm order for the A380s in 2012." It is likely that Transaero re-financed the four jet through VEB-Leasing between 2012 and 2015, so VEB became the owner and actually paid that $237 million deposit. Indeed they did, as says their press release issued on April 12 2012 on the VEB Leasing website. It is in Russian, but thanks to Google Translate we can learn they refinanced 4 A380's for Transaero: «ВЭБ-лизинг» профинансирует приобретение самолетов Airbus A380 для авиакомпании «Трансаэро» 12 апреля 2012 12 апреля 2012 года в Париже в присутствии Чрезвычайного и Полномочного посла Российской Федерации во Французской Республике Александра Орлова и Исполнительного Вице-президента Airbus по Европе, Азии и Тихоокеанскому региону Кристофера Бакли (Christopher Buckley) ОАО «ВЭБ-лизинг» (дочерняя компания Внешэкономбанка) и ОАО «Авиационная компания «Трансаэро» заключили соглашение о сотрудничестве. Со стороны «ВЭБ-лизинг» документ подписал по доверенности Председатель Внешэкономбанка Владимир Дмитриев, со стороны авиакомпании «Трансаэро» - Генеральный директор Ольга Плешакова. В соответствии с соглашением «ВЭБ-лизинг» на эксклюзивной основе выступит организатором и управляющим проектом по финансированию приобретения четырех новых воздушных судов Airbus A380 для передачи их в долгосрочный финансовый лизинг авиакомпании «Трансаэро». Общая стоимость проекта составляет 1 миллиард 576 миллионов долларов США в каталожных ценах. Реализация соглашения будет способствовать обновлению и модернизации парка воздушных судов российских авиакомпаний, а также позволит «Трансаэро» стать первым отечественным перевозчиком, эксплуатирующим крупнейший в мире пассажирский самолет Airbus A380.
|
|
XWB
in service - 11 years
Posts: 16,115
|
Post by XWB on Oct 15, 2017 17:34:06 GMT 1
Airbus did remove the Transaero order from the books, so why does VEB Leasing needs to find another buyer?
|
|
philidor
in service - 6 years
Posts: 8,950
|
Post by philidor on Oct 16, 2017 9:15:35 GMT 1
This article did say "Transaero signed a firm order for the A380s in 2012." It is likely that Transaero re-financed the four jet through VEB-Leasing between 2012 and 2015, so VEB became the owner and actually paid that $237 million deposit. If I remember correctly, one order was cancelled by Airbus, three were transferred to Air Accord. A possible explanation would be that the refinance agreement was for three frames only, but a380fanclub's text in Russian above says 'four'.
|
|